Filing Flows › Mammoth Energy Services (TUSK) › Q3 2026
Mammoth Energy Services (TUSK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Mammoth Energy Services (TUSK) reported revenue of $21.3M for the third quarter 2026 (Q3 2026), +97% from a year earlier and -18% from the quarter before. Operating margin was -2.0%, net earnings $126K (0.6% of revenue).
Mammoth Energy Services, Q3 2026: revenue $21.3M (+97% year over year), operating margin -2.0%, net earnings $126K, operating cash flow $91K. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.3M | -18% | +97% |
| Operating profit | −$421K | -116% | — |
| Net earnings | $126K | — | — |
| Operating cash flow | $91K | — | -88% |
What changed
Revenue was $21.3M in Q3 2026, up 97% year over year and down 18% from the previous quarter. Rentals was the largest line at 45% of revenue. Rentals added $6.9M year over year (up 250%), 66% of the total change. Drilling declined 10%.
Operating costs exceeded revenue by $421K, an operating margin of -2.0%. Total costs grew 7% against revenue growth of 97%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $126K. The effective tax rate was 51.9%. Non-operating items added $683K, 261% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $91K (down 88% year over year), 72% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization. Working capital and other items used $5.6M. Capital expenditures of $41.8M exceeded it, leaving free cash flow of −$41.8M.
Questions
What was Mammoth Energy Services' revenue in the third quarter 2026?
Mammoth Energy Services (TUSK) reported revenue of $21.3M for the third quarter 2026 (Q3 2026), +97% from a year earlier and -18% from the quarter before.
Was Mammoth Energy Services profitable in the third quarter 2026?
Operating loss was $421K (-2.0% of revenue) and net earnings $126K.